Berkshire Hills Bancorp (BHLB) 8-K/A Completion of Acquisition or Disposition of Assets

Exhibit 99.2

COMMERCE BANCSHARES CORP. AND SUBSIDIARY

Consolidated Balance Sheet (unaudited)

June 30, 2017

(Dollars in thousands, except shares and per share amounts)

	June 30, 2017
ASSETS
Cash and due from banks	$	18,324
Interest bearing deposits in other banks		315,755
Cash and cash equivalents		334,079
Investment securities, available for sale, at fair value		117,376
Federal Home Loan Bank of Boston stock, at cost		1,001
Loans, net of allowance for loan losses of $16,242		1,412,753
Premises and equipment, net		9,200
Other real estate owned and repossessed collateral		3,033
Accrued interest receivable		3,803
Deferred tax asset, net		11,073
Bank-owned life insurance		28,572
Goodwill		11,120
Other intangible assets		170
Other assets		6,388
	$	1,938,568
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits	$	1,718,028
Securities sold under agreements to repurchase		18,557
Advances from the Federal Home Loan Bank of Boston		304
Subordinated debt		21,075
Accrued expenses and other liabilities		15,292
Total liabilities		1,773,256
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $.01 par value, 500,000 shares authorized; none issued
Common stock, $.0025 par value, 10,000,000 shares authorized; 6,328,300 shares issued and outstanding at June 30, 2017		16
Additional paid-in capital		7,430
Retained earnings		157,180
Accumulated other comprehensive income		686
Total stockholders’ equity		165,312
	$	1,938,568

COMMERCE BANCSHARES CORP. AND SUBSIDIARY

Consolidated Statements of Income (unaudited)

Six months ended June 30, 2017 and 2016
(Dollars in thousands, except shares and per share amounts)

	Six Months Ended June 30,
	2017			2016
Interest and dividend income:
Loans, including fees	$	31,066		$	29,897
Investment securities		982			963
Interest bearing deposits		1,648			872
Total interest and dividend income		33,696			31,732
Interest expense:
Deposits		4,160			3,980
Borrowed funds		781			825
Total interest expense		4,941			4,805
Net interest income		28,755			26,927
Provision for loan losses		(513	)		5,292
Net interest income after provision for loan losses		29,268			21,635
Noninterest income:
Service charges on deposit accounts		4,463			4,474
Other income		929			1,041
Total noninterest income		5,392			5,515
Noninterest expenses:
Salaries and employee benefits		11,084			10,295
Occupancy and equipment		2,294			2,484
Data processing		1,740			1,614
Marketing		712			879
Professional fees		886			640
FDIC insurance assessments		581			603
Net loss on sale of other real estate owned and repossessed collateral		128			61
Other general and administrative		3,030			2,284
Total noninterest expenses		20,455			18,860
Income before income taxes		14,205			8,290
Provision for income taxes		6,002			3,316
Net income	$	8,203		$	4,974
Basic earnings per share	$	1.30		$	0.79
Fully diluted earnings per share	$	1.30		$	0.79
Weighted average shares of common stock outstanding		6,328,300			6,328,300